Micron Technology (MU)

We make another round of major cuts to EPS for Micron (MU; $51.19; E/W) after FQ1 (Nov) results came in around the low end of targets and FQ2E (Feb) profitability guidance badly disappointed even against…

Micron Technology (MU; $51.19; E/W) reported FQ1 (Nov) non-GAAP EPS loss of ($0.04), which compared to our ($0.05) and the Street’s ($0.02) on sales of $4,085mm (vs. our $4,000mm and consensus of $4,134mm). Recall, we…

We take a “stab” at further reducing sales, gross margin and EPS estimates for Micron (MU; $53.64; E/W) off the latest wave of bad fundamental news, as per the company’s recent decision to cut DRAM…

This morning, Micron (MU; $60.00; E/W) announced that it is further cutting DRAM and NAND wafer starts by approximately 20% vs. FQ4 (Aug), which comes after the company previously announced plans to reduce NAND and…